We understand that purchasing a home is one of life’s most significant decisions, and we are honored to be your trusted partner in this exciting chapter of your life.

Conventional

Our most common home loan. The mortgage payment for both the principal and interest does not change throughout the life of the loan.

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Conventional

Benefits:

  • Low Money Down: Down payment option as low as 3%
  • Save Money: If you put 20% or more down, you will save money by not needing to pay for mortgage insurance (PMI)
  • Flexibility: Numerous choices of mortgage programs that include 30, 20, 15, and 10 year terms

FHA

FHA loans are often considered by first time home buyers as it allows them to purchase a home with a down payment as low as 3.5% out of pocket.

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FHA

Benefits:

  • Low Money Down: Down payment option as low as 3.5%
  • Gift funds for your down payment are permitted!
  • Credit Score: An FHA home loan often has less strict credit score requirements

VA

VA mortgages offer up to 100% financing and are available to those who have bravely served or are currently serving our country.

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VA

Benefits:

  • Low to No Money Down: Purchase at 100% of the home’s value (Restrictions apply)
  • Save Money: VA loans do not require mortgage insurance no matter the size of your down payment

ARM

For those seeking shorter term financing, an Adjustable Rate Mortgage with an initial 3-10 year fixed-rate term may lower your rate and payments.

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ARM

Benefits:

  • Save Money: ARM loans typically have lower interest rates than a fixed mortgage
  • Lock in your mortgage rate for a shorter period of time and save on interest
  • ARM loan rates adjust, but many will have moved or re-financed before the rate is adjusted
  • Flexibility: Numerous options for length of the fixed portion of the ARM loan are available

Jumbo

Jumbo mortgages are designed for larger purchases where the loan amount exceeds the conforming loan limit.

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Jumbo

Benefits:

  • Larger Loan Amounts: Jumbo loans allow qualified buyers to borrow more than their county’s conforming loan limit
  • Simplicity: Eliminate the need to have multiple loans to borrow for the single larger purchase
  • Save Money: Since a 20% down payment is often required for jumbo loans, private mortgage insurance isn’t always required

Refinance

Needs and rates change! Replace your existing mortgage with a new mortgage that may make more sense.

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Refinance

Benefits:

  • Save Money: Lower your monthly payment and save money on interest
  • Change the terms: You can change the terms and pay off your mortgage sooner
  • Leverage your equity: You may be able to pull some of your home’s equity as cash to pay off higher interest debts or pay for home renovations and repairs

126 E. State Street, Media, PA 19063 | 484-442-8260

All information is deemed reliable but not guaranteed. Penn Oak Mortgage Advisors, LLC shall not be held responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Information subject to change without notice. Penn Oak Mortgage Advisors, LLC does not fund mortgage loans and works to receive a commitment from third party mortgage lenders. Mortgages are arranged with 3rd party lenders. This is not an offer for extension of credit or a commitment to lend. Penn Oak Mortgage Advisors, LLC is a licensed mortgage broker in the state of Pennsylvania, license # 107707; NMLS#2567527.

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